Senate Banking Committee Delays Hearing on Trump Nominees Amid FBI Background Check Concerns In a rare move, lawmakers on the Senate Banking Committee have postponed a public hearing to consider the nominations of three President Trump's picks, including Christopher Phelan to chair the Federal Deposit Insurance Corporation (FDIC). The unexpected delay comes after Sen. Elizabeth Warren (D-Mass.) expressed concerns over the FBI background checks of the nominees, citing "significant questions" that need further scrutiny. The move is a significant setback for the Trump administration, which had been pushing for swift confirmation of its nominees to key financial regulatory positions. The hearing, which was initially set for 10 a.m. on Thursday, will now be rescheduled, with no new date announced.
Lawmakers on the Senate Banking Committee on Thursday took the unusual step of delaying a public hearing to consider three of President Trump’s nominees, after Sen. Elizabeth Warren (D-Mass.) said their FBI background checks raised “significant questions.” The Banking panel had a 10 a.m. hearing scheduled to consider the nominations of Christopher Phelan to chair...
